Renaissance Gold Inc. announced the recent staking and filing of 66 unpatented mining claims comprising the "Elba" Project located on Bureau of Land Management (BLM) administered lands in Esmeralda County, Nevada. The claims cover approximately 4km2 located within a large alteration zone characterized by an alunite-kaolinite-buddingtonite mineral assemblage, consistent with alteration typical of the upper levels of an epithermal gold system. The alteration at Elba is directly analogous to the alteration system at the Company's Silicon Project, being explored under an option to purchase agreement with AngloGold Ashanti NA ("AngloGold"). The project area is located approximately 45 km west-northwest of Tonopah, Nevada and sits within a large (8km2) alteration zone which is hosted by an arcuate rhyolite dome field. The domes are altered to alunite+kaolinite, and much of the alteration is covered by a thin veneer of alluvium. Alunite altered hydrothermal breccias and leached silica have been observed on the margins of the alluvial cover, indicating the system is likely to extend under cover. This represents a significant target with minimal historic drilling in a very favorable jurisdiction which closely resembles RenGold's Silicon project. RenGold's Silicon Project, Nye County, Nevada is under an option to purchase agreement with AngloGold Ashanti NA. Under the terms of the agreement, AngloGold has the option to acquire a 100% interest in the project by paying RenGold USD 3,000,000 by June 21, 2020 of which AngloGold has now paid USD 600,000. If AngloGold completes the payments and exercises the purchase option, RenGold would retain a 1% net smelter return royalty on future production from the project. AngloGold is required to give RenGold 30 days advance notice (by May 21, 2020) in the event they elect not to complete the option and return the property.